June 21 - London stocks closed the week on a positive note after domestic inflation fell to the Bank of England's 2% target earlier this week, raising bets of an interest rate cut in August, but a hot reading of the retail sales tempered some of that optimism.
The mid-cap FTSE 250 , opens new tab fell 0.3% on the day but held some ground to log its first weekly gain in four. Meanwhile, British businesses are expanding at the slowest pace since the economy was in recession last year, as some companies put big decisions on hold until after July 4's election. Among individual movers, shares in Britvic , opens new tab surged 7.8% after the soft drinks maker rejected a revised, unsolicited, possible cash offer from Carlsberg Group , opens new tab.
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